Core Insights - Chevron reported a net income of $2.84 billion in Q4 2025, a decrease of approximately 12.5% from $3.25 billion in Q4 2024 [1] - The company's total revenue for Q4 2025 was $46.87 billion, down 10.2% from $52.2 billion in the same period of the previous year [2] Financial Performance - Diluted earnings per share were $1.39 in Q4 2025, a fall of around 24.5% from $1.84 in Q4 2024 [1] - Adjusted earnings were $3.02 billion for Q4 2025, down by approximately 16.8% from $3.63 billion in the same quarter last year [1] - Adjusted diluted earnings per share stood at $1.52 in Q4 2025, compared to $2.06 in Q4 2024, a decrease of around 26.2% [2] Operational Highlights - Cash flow from operations rose to $10.8 billion in Q4 2025, an increase of roughly 24.1% from $8.7 billion in the same quarter of the previous year [2] - Excluding working capital adjustments, cash flow from operations increased to $9.1 billion in Q4 2025 from $5.3 billion in Q4 2024, an increase of approximately 71.7% [4] Segment Performance - Chevron earned $3.03 billion in Q4 2025 through its upstream segment, which is around 29.5% lower than the $4.3 billion achieved in Q4 2024 [3] - The downstream segment reported earnings of $823 million in Q4 2025, compared to a loss of $248 million in Q4 2024 [3] - The 'All Other' category reported a loss of $1.08 billion in Q4 2025, compared to a loss of $817 million in Q4 2024 [3] Annual Overview - The company's net income for the full year 2025 was $12.48 billion, down by approximately 29.7% from $17.75 billion in 2024 [5] - Total revenue for the full year 2025 was $189.03 billion, a decrease of around 6.8% from $202.79 billion in 2024 [5] - Chevron achieved record oil-equivalent production levels globally and in the US, aided by the Hess acquisition, which added 261,000 barrels of oil equivalent per day [5] Reserves and Investments - Year-end proved reserves stood at around 10.6 billion barrels of net oil equivalent, with significant additions from Hess and new projects in the Permian Basin, Australia, and Guyana, resulting in a reserve replacement ratio of 158% [6] - Capital expenditure rose due to investments in legacy Hess assets and US data center power solutions, despite reduced downstream spending [6] Strategic Moves - Through the completion of the Hess acquisition, Chevron achieved a $1 billion synergy target [7] - The company commenced production at key projects in Kazakhstan and the Gulf of Mexico during Q4 [7]

Core Insights - Commercial Metals Company (CMC) stock reached a 52-week high of $68.35, closing at $66.86, driven by the acquisition of Concrete Pipe & Precast, LLC (CP&P) and strong Q4 results [1][9] - CMC has a market capitalization of $7.4 billion and holds a Zacks Rank 1 (Strong Buy) [1] Financial Performance - CMC reported Q4 earnings per share (EPS) of $1.35, up from $0.90 year-over-year, and adjusted EPS of $1.37, exceeding the Zacks Consensus Estimate of $1.32 [2] - Net sales for the quarter were $2.11 billion, a 5.9% increase year-over-year, surpassing the Zacks Consensus Estimate of $2.04 billion [3] - Gross profit rose 21.6% to $393 million, while core EBITDA increased 32.9% to $291 million [3] Recent Acquisitions - CMC completed the acquisition of CP&P, which is expected to create a scalable platform in a fragmented industry with strong profit margins [4] - The acquisition is projected to be immediately accretive to CMC's EPS and free cash flow, with annual run-rate synergies expected between $5 million and $10 million by the third year [5] - CMC also plans to acquire Foley Products Company for $1.84 billion, expected to close by the end of 2025, which will enhance its position in the precast concrete market [6] Market Conditions - Strong demand in North America for CMC's major product lines is anticipated to positively impact results [7] - The company is implementing price increases across its mill products to counter rising scrap costs, which will help maintain margins [7] Stock Performance - CMC shares have increased by 8.9% over the past year, compared to the industry's growth of 22.2% [8]